Commercial Real Estate for Sale at 464 Richmond Road in Cleveland, OH for $1,250,000

Listing data updated April 1, 2025 - 5:34pm
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464 Richmond Road | Cleveland

$1,250,000 | 0.0 Sq. Ft.

This well-maintained medical building is currently owned by a private physician, with their surgery center operating on-site. The owner may be interested in remaining as a tenant. Ideal for physicians looking to establish their practice in a medical space while also benefiting from property ownership as a secondary income stream. The building boasts a 90% occupancy rate, ensuring strong income potential from day one. A small music studio and a nurse training organization -majority medical occupy. Located in a rapidly developing commercial area, this property presents an excellent investment opportunity in a thriving market. MLSNow 5111281

Directions to property: Brainard Rd to Highland Rd to Richmond Rd

MLS Listing ID: 
MLSNow 5111281
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$1,250,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Mixed Use
Primary Market Area: 
Cleveland
Address: 
464 Richmond Road, Cleveland, OH 44143
County: 
Cuyahoga
Latitude: 
41.5524850
Longitude: 
-81.4974680
Directions: 
Brainard Rd to Highland Rd to Richmond Rd
Public Remarks: 
This well-maintained medical building is currently owned by a private physician, with their surgery center operating on-site. The owner may be interested in remaining as a tenant. Ideal for physicians looking to establish their practice in a medical space while also benefiting from property ownership as a secondary income stream. The building boasts a 90% occupancy rate, ensuring strong income potential from day one. A small music studio and a nurse training organization -majority medical occupy. Located in a rapidly developing commercial area, this property presents an excellent investment opportunity in a thriving market.
Community Information
School District: 
Richmond Heights LSD - 1825
Subdivision: 
Joseph A Huber Realty Co
Building Details
Details about the building on a property.
Year Built: 
1988
Living Area: 
0.0
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Forced Air
Cooling System: 
Central Air,Multi Units
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.6
Lot Size (Area): 
0.6
Lot Features
Parking Type: 
Asphalt,Paved
Public Record
Parcel Number: 
662-15-020
Annual Tax: 
$31,073.00
Contract Details
Details about the listing contract.
Possession: 
Delivery Of Deed
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Frank Boldizar
Listing Office Name: 
Coldwell Banker Schmidt Realty

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